Economics Exam Prep MCQs – Mock Test 28

Gains and Losses of an Exporting Country MCQ with Answers PDF Download – Test 28

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Gains & Losses of an Exporting Country MCQ – Mock Test 28 PDF Download

MCQ 136: At the moment free trade is allowed in one's country the domestic prices equals to the:

basic price
marginal price
international price
average price

MCQ 137: Oligopolistic firms prefer not to compete via prices but with the other ways like:

advertising and barriers
production and selling
demand and supply
cost of the product

MCQ 138: The area that is below the demand curve but above the price is known as:

producer surplus
producer shortage
consumer surplus
consumer shortage

MCQ 139: A type of exchange rate that occurs when the government doesn't intervene but allows the value of the currency to be determined by market forces is known as:

fixed exchange rate
quote currency
floating exchange rate
law of one price

MCQ 140: A situation comes when buyers have bought whatever they desired for and sellers have sold out what they had is known to be as:

budget surplus
market-clearing price
budget deficit
equilibrium

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